Taking a 401k loan or withdrawal | What you should know | Fidelity
https://www.fidelity.com/viewpoints/financial-basics/taking-money-from-401k
WEBJun 15, 2023 · With a 401 (k) loan, you borrow money from your retirement savings account. Depending on what your employer's plan allows, you could take out as much as 50% of your savings, up to a maximum of $50,000, within a 12-month period. Remember, you'll have to pay that borrowed money back, plus interest, within 5 years of taking your …
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